The search for your system....

[Bad_Badness]

It seems so many threads are looking for that shortcut to being able to trade.

So the question is how much would you pay in time and money.

Suppose the following.

• Day Trade: No overnight Positions
• 1-3 contracts of ES (SP500 Mini, forward contract)
• 100K account minimum.
• 1 year of trading.
• 1-2% per day.
• Largest daily loss 3%.
• Daily win rate (positive days) over 95%
• Semi-automated requires you to be in attendance every day you trade.
• Scalable to 500K.
• No guarantees of being profitable, but 1 year of performance data to examine.
• Comms run about 10% of daily PL.
• 5K in hardware, 2K in software, 200/mo in connection fees.
• Secondary Account with 50K as backup.

Note the poll has choice that some would call absurd choices. But consider that old saw about "90% fail". And consider what answers 90% will select.

I'll put forth my answers are: Zero and 150%. And "NO" I am not offering this to any person. This is just something to consider that might get you set in the right direction faster than posting for "edges" ad nauseum.

 

[murray t turtle]

It seems so many threads are looking for that shortcut to being able to trade.

So the question is how much would you pay in time and money.

Suppose the following.

• 100K account minimum.
• 1 year of trading.
• 1-2% per day.
• Largest daily loss 3%.
• Daily win rate (positive days) over 95%
• Semi-automated requires you to be in attendance every day you trade.
• Scalable to 500K.
• No guarantees of being profitable, but 1 year of performance data to examine.
• Comms run about 10% of daily PL.
• 5K in hardware, 2K in software, 200/mo in connection fees.
• Secondary Account with 50K as backup.

Note the poll has choice that some would call absurd choices. But consider that old saw about "90% fail". And consider what answers 90% will select.

I'll put forth my answers are: Zero and 150%. And "NO" I am not offering this to any person. This is just something to consider that might get you set in the right direction faster than posting for "edges" ad nauseum.

%%
PAY for a trade system?? May work;
CS or one of those Swiss banks bought Enron's.[sure not an ad for CS penny stock\ESG nonsense]
But back to your question;
Rich dennis says do your own research, as matter of public record.
Like your pic implies\ go back in back\testing to the time when they hunted off horses with bows;
Gattling gun period....................................................................
NO wonder Paul tudor Jones bought a farm + hunts ducks for food.
Most mail order firms that hit the big time have a money back promise; but client did have to pay postage on returns

 

[TrAndy2022]

It seems so many threads are looking for that shortcut to being able to trade.

So the question is how much would you pay in time and money.

Suppose the following.

• Day Trade: No overnight Positions
• 1-3 contracts of ES (SP500 Mini, forward contract)
• 100K account minimum.
• 1 year of trading.
• 1-2% per day.
• Largest daily loss 3%.
• Daily win rate (positive days) over 95%
• Semi-automated requires you to be in attendance every day you trade.
• Scalable to 500K.
• No guarantees of being profitable, but 1 year of performance data to examine.
• Comms run about 10% of daily PL.
• 5K in hardware, 2K in software, 200/mo in connection fees.
• Secondary Account with 50K as backup.

Note the poll has choice that some would call absurd choices. But consider that old saw about "90% fail". And consider what answers 90% will select.

I'll put forth my answers are: Zero and 150%. And "NO" I am not offering this to any person. This is just something to consider that might get you set in the right direction faster than posting for "edges" ad nauseum.

You could not buy such a good working trading strategy. Only mediocre ones at best one can buy. So it does not make sense to look on the market. Just do your own research. I also highly doubt that one could find such a system you described above, because that Sharpe Ratio would be above 7. But I do not say that cannot exist, just it is incredible difficult to achieve this.

 

[TimtheEnchanter]

Paying for a "system"? That is a dumbest move anyone can make!

 

[speedo]

You don't become a trader by buying a "system". You become a trader by learning to trade and learning how to behave as a trader....and the cost can be heavy.

 

[Businessman]

Daily win rate (positive days) over 95%

Markets don't work that way, days when profits come easy (and big) are in the minority.
And the market makes you suffer the rest of time with losses (which hopefully you keep small).
However the market does do a good into fooling people that very high win rate systems exist.

 

[Rams Fan]

• 1-3 contracts of ES (SP500 Mini, forward contract)

• 100K account minimum.

Why in heaven's name would you put up $100K to day trade 3 ES?

 

[Concinnity]

Why in heaven's name would you put up $100K to day trade 3 ES?

I got taken to the shed yesterday about 25k per contract being too risky. Because most people here don't actually day trade, that is your answer.

 

[Darc]

I got taken to the shed yesterday about 25k per contract being too risky. Because most people here don't actually day trade, that is your answer.

More to life than JUST Day Trading. There's also Swing Trading and Position Trading of shares to make ones Life complete.

 

[Concinnity]

More to life than JUST Day Trading. There's also Swing Trading and Position Trading of shares to make ones Life complete.

Yup, that's never been my issue and I agree. My issue is the traders here that use edges like time and account size as their primary edge to generate money and than come on here and try to pass off their knowledge to people looking to day trade. When they don't have the edge, skill or knowledge to day trade.

Sure there can be some over lapping between setups. It's possible to have a strategy that performs well on both longer term and shorter term. But on shorter time frames the time edge isn't there and a lot of people when they are swing trading look to average into their position as well, which is something else that generally does not work out too well in the long run when you are actively day trading.

Sure again if you have a larger account size and trading relatively small compared to it you can still safely day trade and average down I get it. But that still is a far cry from actually offering advice to people who don't have that emotional or actual ability to use that edge.